MicroPort Scientific Corporation Stock Forecast
MicroPort Scientific Corporation stock price down 1.38% on Thursday
(Updated on Apr 25, 2024)
The MicroPort Scientific Corporation stock price fell by -1.38% on the last day (Thursday, 25th Apr 2024) from HK$5.78 to HK$5.70. During the last trading day the stock fluctuated 4.04% from a day low at HK$5.69 to a day high of HK$5.92. The price has been going up and down for this period, and there has been a -6.4% loss for the last 2 weeks. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 million shares were bought and sold for approximately HK$33.65 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$5.26 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.69% during the next 3 months and, with a 90% probability hold a price between HK$4.80 and HK$7.04 at the end of this 3-month period.
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0853.HK Signals & Forecast
There are mixed signals in the stock today. The MicroPort Scientific Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$6.41. On a fall, the stock will find some support from the short-term average at HK$5.54. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.34%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for MicroPort Scientific Corporation stock
MicroPort Scientific Corporation finds support from accumulated volume at HK$5.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.230 between high and low, or 4.04%. For the last week, the stock has had daily average volatility of 5.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0853.HK) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect MicroPort Scientific Corporation to open at HK$5.77, and during the day (based on 14 day Average True Range), to move between HK$5.31 and HK$6.09, which gives a possible trading interval of +/-HK$0.394 (+/-6.92%) up or down from last closing price. If MicroPort Scientific Corporation takes out the full calculated possible swing range there will be an estimated 13.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$5.78 (1.40%) than the support at HK$5.60 (1.75%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is MicroPort Scientific Corporation stock A Buy?
MicroPort Scientific Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.516 Sell Candidate Unchanged
Predicted Opening Price for MicroPort Scientific Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| HK$5.77 ( 1.23%) | HK$5.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0853.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.00 | 5.26 % | |
| R2 | 5.91 | 3.72 % | ||
| R1 | 5.86 | 2.77 % | ||
| Current price: | 5.70 | |||
| Support | S1 | 5.68 | -0.313 % | |
| S2 | 5.63 | -1.27 % | ||
| S3 | 5.54 | -2.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.58 | 15.44 % | |
| R2 | 5.86 | 2.81 % | ||
| R1 | 5.78 | 1.40 % | ||
| Current price | 5.70 | |||
| Support | S1 | 5.60 | -1.75% | |
| S2 | 5.51 | -3.33% | ||
| S3 | 5.40 | -5.26% |
0853 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2021 | Jun 28, 2021 | Jun 28, 2021 | HK$0.0430 | 0.0610% |
| 2 | Jun 22, 2020 | Jun 22, 2020 | Jun 22, 2020 | HK$0.0530 | 0.218% |
| 3 | Jun 17, 2019 | Jun 17, 2019 | Jun 17, 2019 | HK$0.0290 | 0.533% |
| 4 | May 16, 2018 | May 16, 2018 | May 16, 2018 | HK$0.0250 | 0.239% |
| 5 | Jun 22, 2017 | Jun 22, 2017 | Jun 22, 2017 | HK$0.0190 | 0.302% |
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